ACC240

Topic 1 DQ 2 – ACC 240 Accounting is often referred to as "the language of business." Explain in your own words what that expression means. Accounting is the language of business because it talks about the financial literacy of the business. It allows employees who are in a higher position in the business such as managers or board of directors to discuss the financial aspect of the business. It is essential for a business to...

Topic 1 DQ 1 – ACC 240 Specify your major and identify your career plans. Explain how accounting might help you in your career if you are not planning to be an accountant. What information provided in financial reports would help you in your business? After completing my degree, I hope to continue to work in the customer service industry. Accounting will be beneficial in my field of study because it is one ...

Explain the basic components of cost-volume-profit (CVP) analysis. Why is it important to determine a company's break-even point?